Investor Meetings September 2014 Strictly Private and Confidential - PowerPoint PPT Presentation

Investor Meetings September 2014 Strictly Private and Confidential

Disclaimer These materials have been prepared by Genneia S.A. (the “Company”) and are being furnished to you solely for your information on a confidential basis and may not be taken away, reproduced, redistributed or passed on, in whole or in part or directly or indirectly, to any other person (whether within or outside your organization/firm) or published, in whole or in part, for any purpose. By attending this presentation, you are agreeing to be bound by the foregoing restrictions and to maintain absolute confidentiality regarding the information disclosed in these materials. Any failure to comply with these restrictions may constitute a violation of applicable securities laws. Unauthorized copying, reproduction, redistribution or publishing of these materials into the United States to any other third parties (including journalists) could result in a substantial delay to, or otherwise prejudice, the success of the proposed offering. The information contained in these materials has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. It is not the intention to provide, and you may not rely on these materials as providing, a complete or comprehensive analysis of the Company’s financial position, operations or prospects. The information contained in these materials should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. None of the Company, nor any of its respective affiliates, advisors or representatives shall have any liability whatsoever (in negligence or otherwise) for any loss or damage howsoever arising from any use of these materials or their contents or otherwise arising in connection with these materials. Certain statements contained in these materials constitute forward-looking statements. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, many of which are beyond our control, which may cause the actual results, performance or achievements of the Company to be materially different from those expressed by, or implied by the forward-looking statements in these materials. There can be no assurance that the results and events contemplated by the forward-looking statements contained in these materials will in fact occur. These forward-looking statements are based on numerous assumptions regarding our present and future business strategies and the environment in which we operate and are not a guarantee of future performance. Such forward-looking statements speak only as of the date on which they are made. The Company undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise. 1

Business Overview and Investment Highlights

Leading player in the development of new power generation in Argentina Key highlights Core business units Leading company in the development of new power generation in Argentina with operations in renewable and thermal energy  Largest wind power generation company in the country with a RENEWABLE ENERGY capacity of 77.4 MW; operates the Rawson Wind Farm in the Patagonia region with one of the most optimal climate and 77.4MW Rawson Wind Farm, in operation since January 2012 topographic conditions for wind power generation 43 Vestas AGs of 1.8MW each 44% average net load factor since January 2012 (COD¹)  The Company is also involved in thermal power generation through 9 different plants with a total installed capacity of 280MW Revenues are derived mainly from long-term PPAs denominated in US$  More than 90% of revenues came from PPAs in 2013  PPAs for thermal power plants provide for stable firm capacity revenues / PPAs for wind power plants based on energy generated and benefit from dispatch priority Secondarily, engaged in the business of trading natural gas and commercializing natural gas transportation capacity New projects  Wind capacity expansion of more than 500 MW in new projects, of which 220 MW are in a ‘ready to build’ stage THERMAL ENERGY  Additional 200 MW thermal expansion plan for the next 5 years Thermal power generation plants with aggregate capacity of Main financial highlights (LTM as of 6/30/2014) : 280MW Efficient peakers (backup providers) strategically located in  Revenues = US$163.1mm high consumption areas, with dual fuel technology  EBITDA = US$96.9mm  EBITDA margin = 59% ¹ Commercial operation date 3

Solid track record of performance and growth Shareholder structure 2012 • Shareholders change corporate name to Others “GENNEIA S.A.” 5% Andreas Keller S.¹ Fides¹ Dec. 2011 Feb. 2012 12% 120 43% • New capital • Mr.Brito and Mr.Carballo acquire part of Fintech's contribution of Brito and 2007 US$15mm (to cancel shares Carballo • Entrance of Private convertible bond) families Equity funds Aug. 2011 20% • US$40mm capital 100 • AEI sells its stake to Fintech contribution Fintech¹ • Issuance of subordinated 2006 20% bond of US$50mm • Construction of Gasoducto Patagónico 2009 • Capital contribution of 80 US$35mm from AEI • Convertible bond 2004 issuance of US$15mm • Engaged in the Energy trading business 2012 • Rawson wind 60 farm becomes 2001 operative • A.Ivannissevich acquires Emgasud 2012-2013 40 2008 • Divestiture of • AEI becomes 1991 2009 natural gas • Empresa de Gas del Sudeste – shareholder • Awarded the right to develop distribution and Emgasud SA was created, (US$25mm capital and operate 2 wind farms in transportation engaged in the propane gas contribution) 2007 - 2011 Rawson and 5 wind farms in businesses distribution business • Development of thermal power Puerto Madryn (80 MW & 220 20 generation assets with a MW) combined IC of 280 MW 0 1991 2001 2007 2008 2009 2010 2011 2012 2013 EBITDA evolution (US$mm) Thermal energy and others Note: IC refers to installed capacity. ¹ Adjusted taking into account call options and Renewable energy participations assigned by Fintech to Andreas Keller S. and Fides 4

Diversified asset base within a consolidated business and financial model Breakdown by business unit – LTM as of 6/30/14 Power generation assets Revenue (US$MM) Consolidated EBITDA (US$MM) ThP PARANA (42 MW) - 2009 Other Renewable Other Renewable 5% energy 6% energy ThP CONCEPCIÓN 23% 29% (42 MW) - 2009 ThP BRAGADO (50 MW) - 2011 ThP MATHEU Thermal (42 MW) - 2008 Thermal energy energy 65% ThP OLAVARRIA I 72% (42 MW) - 2009 ThP PINAMAR (20 MW) - 2008 Revenues: US$163mm EBITDA: US$96.9mm WF RAWSON ThP LAS ARMAS I & II Note: Other includes energy trading business (77.4 MW) – 2012 (10 MW + 25 MW) – 2009/2011 ThP MAYO Y COSTA (7 MW) – 2008/2009 Installed capacity (MW) Energy sales (GWh) Isolated Renewable Renewable Thermal energy energy energy energy 2% Note: Year indicates commercial operation date (COD) 22% 29% 71% Summary metrics Thermal Thermal Energy Isolated Energy Wind Energy energy Installed Capacity 273 MW 7 MW 77.4 MW 76% Installed capacity: 357 MW Energy sales: 982 GWh Total Investments US$315mm US$7mm US$154mm 5

Well- defined strategic objectives… 94% of consolidated EBITDA from power generation Focus on power Attractive growth opportunities in the sector generation Recent divestiture of non core business to focus on power generation Leading wind power generation company in the country Continue to expand our renewable Strong pipeline for new wind farm developments counting on wind measurements for over 2 years:  220 MW on a ‘ready to build’ stage energy generation business  300 MW under development Improve availability Investing in adequate maintenance and modernization of operations and infrastructure and margins maintaining a Implementation of international operating standards and maintenance programs to improve the overall conservative quality, efficiency and reliability of our services balance sheet Prudent capital structure management structure 6

…which translate into clear key drivers A story of transformation, growth and consolidation that places us in a solid position to face the present and the future Financial Consolidation Strategic Vision Unsustainable Argentine energy Revenue and EBITDA stabilization matrix after years of rapid growth Need for new power supply and diversification from traditional Progressive deleveraging as a sources Financial Strategic result of a prudent financial policy Great potential in wind energy Consolidation Vision Proven Execution Business Leadership Proven Business Execution Leadership Operating assets featuring long Unbeatable mix of industry and term dollar denominated financial experience contracts State of the art technology Advantageous partnership of local Seasoned management with knowledge and solid international proven experience in their financial backing respective areas 7